MarcBerges

MarcBerges Updated 

GBPAUD some pretty decent chance on a trend reversal coming up... All indicators suggest oversold and upward momentum soon. Critical point though is the reaching of the support level (marked red) which has been tested several times over the past days (and even weeks) and proves to be strong. So both the indicators and the price action suggests that there is some...

MarcBerges Updated 

Although markets are closed at the minute, a good trader spends as much time analysing off market hours as he does during market hours. So here we go for a long EURUSD. All indicators tell us that the short momentum seems to weaken off, so we're anticipating some reversal soon. However, the critical point is that upper support level is about to be tested. So, if...

MarcBerges Updated 

Happy Monday! First Trade of the day stays on the continent, some long position on the EURCHF Only thing giving me headaches is the fact that we're not undersold completely on the RSI but I'm sure some anticipation of uncertainty is not going to kill us. Fib Retracement tells us where to set our Take Profit orders. Off we go!

MarcBerges Updated 

Here's some thought on the GBPJPY the GBP has had a tough morning with bad news pouring in and out of the chart. This has lead me to stay out of some trading for a while, but this right there seems like a valid point of entry for some cash out. MACD crossed the 0-level, RSI overbought and already indicating some reversal of momentum. Lastly, the overall movement...

MarcBerges Updated 

EURCAD giving us some short signals... Usual stuff, all looks ready for a dip, yet we need to see where the RSI takes us cos we're not at the critically overbought state just yet so we can surely expect some losses in the short term but should be turning in our favour soon...

MarcBerges Updated 

Some confidence in UDJPY ! after some heavy bearish movement, swings seem likely on the chart, so it makes sense to go back long, even if the channel does not give absolute certainty. However, the long term movement might still be downward, so make sure we set our take profit above the red dotted line, which will still give some nice cash from the Fib...

MarcBerges Updated 

Final One: AUDCAD Long... that is some dodgy setting on the chart, with MACD being far below 0-level crosses and RSI not being really oversold. Yet, I believe that now is a good entry for the strenght of the channel and the possible fibonaci retracement about to kick in on the edge of a Bollinger Up. It's a sideways market so we can expect for prices to go way up...

MarcBerges Updated 

some final deals on the USDCHF, going short. All indicators signal downward momentum, using some fibonacci retracement to anticipate possible exits. Greatest risk is short term breakout on the edge of Bollinger bands, which in theory reinforces the retracement, but might take my out via the stop loss. Fingers crossed...

MarcBerges Updated 

EURJPY the first rade of the day. Decided to go long as the channel stands pretty trong, while indicators are not at the "black and white" clear suggestion of RSI oversold (still some pips to go) and MACD cross at 0-level. Still, the momentum seems clear onthe chart. Major problem is there seems to be a strong resistence on the Fibonaci (red zone), so we...

MarcBerges Updated 

Seems crystal clear at first, but may be dangerous once you look at it: Long on GBPCAD all 4 indicators give strong buying signals, so just judging the RSI we should be reversing soon. The problem is that with the MACD being way below the 0-level and no real increase in divergence happening, we oculd be facing some longer term downward trend. Also, we are...

MarcBerges Updated 

Let's give it another try: USDCAD long on the basis of Bollinger Up, RSI oversold and Trend channel signalling long. Big (literal) question mark remains MACD which indicates a sell, yet there is no cross at the 0-level so "we know one thing for sure, which is that we know nothing". Risky, yet potentially rewarding. Fingers crossed!

MarcBerges Updated 

Bit of a long shot on this one. No doubt its a Bollinger Down and MACD cross ahead while above the 0-level, signalling a short trade. Still, no certainty on RSI and the trend channel. Also, some retracement took place already, so the question is: how low can you go? Crucial advantage: We're following the trade, so we might get lucky on this one! Wait & See! :)

MarcBerges Updated 

Last trade of the day: short on EURGBP Indicators show pretty clear signs of trend reversal: MACD above 0-level and massive divergence practically asking for reversal, RSI only slightly in the overbought state, yet enough to convince in combination with all other factors. Finally it's a Bollinger Down and we're coming close to the edge of our trend channel so we...

MarcBerges Updated 

Starting the day on a short USDJPY. All indiciators give me a sell, even though finding the perfect entry point is going to be hard. Reversal should be coming soon and then it's just to follow the trend channel to get the first bucks in! Point to not: the strenght of the trend channel should be tested first, seen as we know little to nothing about it, yet the RSI...

MarcBerges Updated 

3/4 Long Signals, so some speculation on the RSI to go oversold. Still quite a decent entry point at the edge of the trend channel, anticipating Bollinger Up and MACD reversal after crossing the 0-Level. Be back in some hours to see where it went :)